Best Insurance for a Porsche 911 in Austin

How many times have you said it’s time to compare the cheapest auto insurance rates in Austin, TX? Austin buyers have lots of choices when searching for affordable Porsche 911 insurance. They can either waste time driving around getting price quotes or save time using the internet to compare rates.

There is a right way and a wrong way to buy auto insurance so we’re going to tell you the absolute fastest way to get price quotes on a Porsche and locate the best price possible.

A recent survey discovered that nearly 70% of customers have stayed with the same insurance company for a minimum of four years, and approximately 38% of consumers have never shopped around. Texas insurance shoppers can save approximately $1,766 each year by just comparing rate quotes, but most tend to underestimate the amount of savings they would get if they switched to a cheaper policy.

Our objective is to teach you the best methods to compare rates and how to save the most money. If you have coverage now, you will be able to find better prices using this information. Smart buyers just have to use the quickest method to compare different rates from many different companies.

Buy Austin Porsche 911 insurance online

The majority of larger companies like State Farm, GEICO and Progressive give insurance quotes direct online. Getting online rates for Porsche 911 insurance in Austin is fairly straightforward as you just type in your coverage preferences as requested by the quote form. Behind the scenes, their quoting system requests your credit score and driving record and provides a quote based on many factors.

This streamlines rate comparisons, and it is imperative to get many rate quotes in order to get the cheapest price possible.

To quickly find out if lower rates are available, take a look at the companies shown below. If you have your current policy handy, we recommend you copy the limits and deductibles identical to your current policy. This guarantees you will have an apples-to-apples comparison for the exact same coverage.

The following companies offer comparison quotes in Austin, TX. If multiple companies are listed, it’s a good idea that you visit two to three different companies in order to get a fair rate comparison.

Prices above based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Prices do not factor in specific garaging location which can change insurance rates considerably.

Raise deductibles and save

One of the hardest decisions when shopping for auto insurance is which deductibles should you choose. The following tables can help show the price difference of buying low and high insurance deductibles. The first table uses a $100 comprehensive and collision deductible and the second price chart uses a $500 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Table data does not factor in specific location information which can modify coverage rates noticeably.

Using the data above, we can ascertain that using a $100 deductible will cost you about $48 more each month or $576 each year than opting for the higher $500 deductible. Since the policyholder would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to go more than 8 months between claims, you would most likely save money going with the higher deductible.

Auto insurance policy discounts for Porsche 911 insurance in Austin

Some companies do not advertise all possible discounts very clearly, so the below list has a few of the more common and also the lesser-known auto insurance savings. If you are not receiving all the discounts you deserve, you could be getting lower rates.

• Discounts for New Vehicles – Buying coverage on a new vehicle can get you a discount since newer vehicles have better safety ratings.
• Federal Government Employee – Active or retired federal employment could provide a small rate reduction with some auto insurance companies.
• Bundle and Save – If you insure your home and vehicles and insure them with the same company you may earn at least 10 to 15 percent or more.
• Air Bag Discount – Factory options such as air bags or motorized seat belts can get savings of 20% or more.
• Distant Student Discount – Older children who are enrolled in higher education away from home and do not have a car can be insured at a reduced rate.

A quick disclaimer, most discount credits are not given to the overall cost of the policy. Most only reduce individual premiums such as liability and collision coverage. Even though the math looks like you would end up receiving a 100% discount, you’re out of luck. But any discount will bring down the cost of coverage.

Some companies that may have most of the discounts above include:

• State Farm
• GEICO
• Liberty Mutual
• The Hartford
• MetLife
• Progressive

When quoting, ask every insurance company which discounts you may be entitled to. Some discounts might not apply in Austin. For a list of insurance companies who offer online Porsche 911 insurance quotes in Texas, click here.

Local insurance agents

A lot of people still prefer to talk to a local agent and often times that is recommended Most agents can help determine the best coverages and help you file claims. An additional benefit of comparing car insurance online is the fact that drivers can get better rates and also buy local. Supporting small agencies is important especially in Austin.

To help locate an agent, after submitting this form (opens in new window), your insurance data is emailed to local insurance agents in Austin who want to provide quotes for your insurance coverage. You don’t have to contact an agency due to the fact that quote results will go to your email. In the event you want to compare prices from a specific car insurance provider, feel free to find their quoting web page to submit a rate quote request.

When researching a local Austin insurance agent, it can be helpful to understand the types of agencies and how they work. Agents in Austin are categorized either exclusive or independent agents depending on their company appointments. Either can properly insure your vehicles, but it’s important to point out the differences since it can affect the type of agent you choose.

Independent Agents

Independent agencies can sell policies from many different companies so they can insure your vehicles with many different companies depending on which coverage is best. If your agent finds better pricing, the business is moved internally without you having to go to a different agency.

When comparison shopping, we recommend you get several quotes from at a minimum one independent agency to maximize your price options. Most also have access to small mutual carriers which can save you money.

Below is a short list of independent agencies in Austin that can possibly get you pricing information.

• Central Insurance Agency, Inc.
  6000 N Lamar Blvd – Austin, TX 78752 – (512) 451-6551 – View Map
• Greater Austin Insurance Inc
  11824 Jollyville Rd # 202 – Austin, TX 78759 – (512) 250-1777 – View Map
• AUSTIN AREA INSURANCE AGENCY
  8711 Burnet Rd – Austin, TX 78757 – (512) 253-8726 – View Map

View more Austin agents

Exclusive Agencies

Agents that elect to be exclusive can only provide pricing for a single company such as State Farm or Allstate. These agents are unable to give you multiple price quotes so they really need to provide good service. These agents receive a lot of sales training on what they offer which helps them sell insurance even at higher premiums. Consumers often buy from exclusive agents primarily because of the brand legacy instead of buying on price only.

Listed below are exclusive insurance agents in Austin that are able to give price quotes.

• Tony Reyes – State Farm Insurance Agent
  9811 S IH 35 Frontage Rd #120 – Austin, TX 78744 – (512) 851-2539 – View Map
• Stuart Nalewaik – State Farm Insurance Agent
  1717 W 6th St #214 – Austin, TX 78703 – (512) 382-6019 – View Map
• Allstate Insurance: Cheri Roman
  8103 Brodie Ln Ste 7 – Austin, TX 78745 – (512) 282-9999 – View Map

View more Austin agents

Picking the best insurance agency needs to be determined by more than just the premium amount. Any agent in Austin should be willing to answer these questions.

• Do they make recommendations based only on price?
• Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
• Is the agent and/or agency licensed to do business in Texas?
• Which company do they place the most coverage with?
• Do they prorate repair cost based on vehicle mileage?
• What companies can they write with?
• What kind of financial rating does the company have?
• How experienced are they in personal risk management?

Informed Drivers Can Cut Their Insurance Rates

When buying car insurance it’s important to understand the factors that aid in calculating the rates you pay for car insurance. If you have some idea of what controls the rates you pay, this allows you to make good choices that can earn you lower premium levels. Many things are part of the equation when pricing auto insurance. Some factors are common sense such as your driving record, although others are not quite as obvious like your continuous coverage and annual miles driven.

• Careless drivers pay higher prices – Your driving citation history has a lot to do with how much you pay for insurance. Attentive drivers pay less for auto insurance than people who have multiple driving citations. Even one chargeable violation may increase your cost substantially. Drivers who get license-revoking tickets such as hit and run, DWI or reckless driving convictions may find they need to submit a SR-22 form with their state in order to legally drive.
• Qualify for multi-policy discounts – Most major insurance companies afford a discount to policyholders who have multiple policies with them in the form of a multi-policy discount. Discounts can amount to as much as ten percent or more Even if you already get this discount, it’s in your best interest to compare Porsche 911 rates in Austin to verify if the discount is saving money. You may still find a better deal by splitting coverages up.
• Insurance prices and vehicle performance – The make and model of the car or truck you are trying to find cheaper insurance for makes a big difference in the rate you pay. Since the Porsche 911 is a luxury sports car, insuring your vehicle will cost up to twice as much as compared to the average rate in Austin. The lowest performance passenger vehicles generally have the cheapest insurance rates, but other factors influence the final cost greatly.
• Credit score impacts premium prices – Having a bad credit history will be a significant factor in calculating your car insurance rates. If your credit score is not that good, you could pay less to insure your Porsche 911 by taking the time to improve your credit score. Insureds that have very good credit scores tend to be better risks to insure as compared to drivers with worse credit.
• Age of drivers – Beginning drivers in Texas have been known to be careless and easily distracted when driving with friends and because of this, their car insurance rates are much higher. Having to add a teen driver onto a policy can be very expensive. More experienced drivers are more cautious drivers, cost insurance companies less in claims, and are safer drivers.
• Gender and insurance costs – Over time, data shows females are less aggressive when driving. The data does not necessarily mean that males are worse at driving than females. Both genders get in auto accidents at about the same rate, but males have costlier accidents. Men also get higher numbers of serious violations such as reckless driving. Males from age 16 to 21 cause the most accidents so they pay the highest premiums.
• Minor frequent policy claims are not good – If you tend to file frequent claims, you can pretty much guarantee much higher rates or policy non-renewal. Car insurance companies in Texas generally give better rates to insureds who are claim-free. Auto insurance is intended for claims that pose a financial burden.
• Adjust physical damage deductibles and save – Physical damage insurance, also called ‘full coverage’, covers damage that occurs to your Porsche. Some instances where coverage would apply would be running into the backend of another car, flood damage, and damage caused by flying debris. The deductibles tell how much you are required to pay if you file a covered claim. The more expense you pay before a claim is paid (deductible), the better rate you will receive.
• Porsche 911 insurance loss statistics – Car insurance companies use data from past claims to calculate a rate that offsets possible losses. Vehicles that the data determines to have higher claim frequency or loss amount will cost more for specific coverages.

  The table below shows the actual insurance loss data for Porsche 911 vehicles. For each type of coverage, the loss probability for all vehicles combined as an average equals 100. Percentage values below 100 suggest a positive loss record, while percentages above 100 point to more frequent losses or a tendency for losses to be larger than average.

  Car Insurance Loss Data for Porsche 911 Models

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Porsche 911 Carrera 2dr	191	47	173	24
  Porsche 911 Carrera Convertible	197	51	224	36
  Porsche 911 Turbo 2dr 4WD	349		367

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Here’s why insurance is not optional

Even though Austin 911 insurance rates can get expensive, maintaining insurance may be mandatory for several reasons.

• The majority of states have minimum mandated liability insurance limits which means you are required to carry a specific level of liability insurance coverage if you want to drive legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you bought your Porsche with a loan, almost all lenders will force you to have insurance to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the bank will be required to insure your Porsche at a more expensive rate and make you pay the higher price.
• Insurance protects both your assets and your Porsche. It will also reimburse you for medical bills for you, any passengers, and anyone injured in an accident. Liability insurance also pays expenses related to your legal defense if you are sued as the result of an accident. If your Porsche gets damaged, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of carrying adequate insurance definitely exceed the price paid, especially for larger claims. The average driver in Texas overpays as much as $865 each year so compare rate quotes at every policy renewal to be sure current rates are still competitive.

Smart consumers save more

We covered many tips how you can get a better price on Porsche 911 insurance in Austin. The key thing to remember is the more you quote Austin auto insurance, the better your comparison will be. Consumers could even find that the biggest savings come from the least-expected company.

Consumers switch companies for a variety of reasons including policy non-renewal, being labeled a high risk driver, delays in responding to claim requests and even lack of trust in their agent. It doesn’t matter what your reason, choosing a new insurance company can be pretty painless.

The cheapest Porsche 911 insurance in Austin can be bought online in addition to many Austin insurance agents, so you need to quote Austin auto insurance with both so you have a total pricing picture. Some companies may not offer online price quotes and these small, regional companies provide coverage only through independent agents.

Helpful information

• Vehicle Insurance (Wikipedia)
• Who Has Affordable Auto Insurance for Low Credit Scores in Austin? (FAQ)
• What Auto Insurance is Cheapest for Ride Shares in Austin? (FAQ)
• Who Has the Cheapest Car Insurance Quotes for a Mazda CX-7 in Austin? (FAQ)
• Who Has the Cheapest Car Insurance Rates for a Jeep Grand Cherokee in Austin? (FAQ)
• Speed and Speed Limit FAQ (iihs.org)
• Side Impact Crash Tests (iihs.org)